Spring 2014 rental market in Nova Scotia
HALIFAX, NOVA SCOTIA--(Marketwired - June 11, 2014) - The rental apartment vacancy rate[sup]1 in Nova Scotia's urban centres2[/sup] was 4.5 per cent in April, 2014, up from 3.4 per cent in April, 2013 according to the Spring Rental Market Survey released today by Canada Mortgage and Housing Corporation.
"Vacancy rates in urban centres in Nova Scotia were mixed in the spring of this year," said Guillaume Neault, Senior Market Analyst with CMHC's Atlantic Business Centre. "In Halifax, slower population gains and the completion of nearly 2,000 purpose-built rental units in the last year resulted in the vacancy rate rising to 4.1 per cent this spring," said Neault. "In Truro, the absorption of units built in 2012 contributed to the vacancy rate decreasing one full percentage point to 7.4 per cent," Neault added.
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